The American Express Membership Rewards has a ₹4,500 annual fee (waived on ₹1.5 lakh annual spend), earns 1 Membe₹hip Rewards Point For Every ₹50 and charges a 3.5% forex markup.
| Annual fee | ₹4,500 |
|---|---|
| Annual fee waived | On ₹1.5 lakh annual spend |
| Base rewards | 1 Membe₹hip Rewards Point For Every ₹50 |
| Forex markup | 3.5% |
From issuer benefit data, checked 22 Oct 2026. Base rewards is the general earn rate; category and partner rates are under Key Benefits.
Key Benefits
Live offers on this card
1 online offers across 1 brands right now, each valid for at least another 7 days. Checked 22 Oct.
- Arrow: Get extra 10% off · till 31 Dec
These are American Express's own offers, so they apply to every American Express card, not just this one. All American Express offers by category.
More about the American Express Membership Rewards Credit Card
Is the American Express Membership Rewards Credit Card worth it in 2026?
The card offers 2X rewards on shopping at Croma, Boat, Farfetch, and Ajio, plus 5000 Membership Rewards Points on first-year renewal. With a renewal fee of Rs. 4500, waived if you spend Rs. 150000 annually, it is valuable for frequent shoppers who can maximize rewards and meet the spend threshold.
Who should get the American Express Membership Rewards Credit Card?
This card is ideal for shoppers who frequently purchase electronics, fashion, and lifestyle products from brands like Croma, Boat, Farfetch, and Ajio. Users who can spend Rs. 150000 annually to waive the renewal fee and want to earn bonus Membership Rewards Points will benefit the most.
How to maximise rewards on the American Express Membership Rewards Credit Card?
Maximise rewards by shopping at Croma, Boat, Farfetch, and Ajio to earn 2X rewards. Additionally, aim to meet the monthly spend milestone to earn an extra 1000 Membership Rewards Points and accumulate 1000 bonus points to boost your rewards.
What purchases give the best value on the American Express Membership Rewards Credit Card?
Purchases at Croma, Boat, Farfetch, and Ajio provide the best value with 2X rewards. Also, maintaining monthly spend milestones helps earn additional Membership Rewards Points, increasing the overall value of your spending.